Friday, 26 December 2014
Last updated 2 days ago
Nov 4 2008 | 9:35am ET
For the second time in as many years, Kohlberg Kravis Roberts is delaying plans to go public. The private equity giant said its plans have been slowed by the Securities and Exchange Commission, which is still reviewing its plan.
KKR will not go public this year as scheduled due to the review process, it said.
Under that proposal, KKR will effectively buy out its European affiliate, KKR Private Equity Investors, which is listed in Amsterdam, with new New York Stock Exchange-listed KKR shares. The deal, announced in July, would value KKR at between $12 billion and $15 billion.
KKR had originally floated a plan to go public last summer, but shelved those plans due to the difficult market conditions at the time, as well as the rocky road faced by the then-newly public Blackstone Group.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.